China establishes company to make its own jumbo jets

Discussion in 'Modern' started by syscom3, May 11, 2008.

  1. syscom3

    syscom3 Pacific Historian

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    China establishes a homegrown company to make passenger jumbo jets

    China establishes company to make its own jumbo jets: Financial News - Yahoo! Finance

    BEIJING (AP) -- China has established a homegrown company to make passenger jumbo jets, state media reported Sunday -- a step forward in the country's quest to become less dependent on Boeing and Airbus.

    China Commercial Aircraft Co. was established in Shanghai with registered capital of 19 billion yuan $2.7 billion, the official Xinhua News Agency said.

    It said the central government and the Shanghai government are among the major shareholders, as are China's two main aircraft manufacturing and servicing companies, China Aviation Industry Corp. I and China Aviation Industry Corp. II, which were split off from state-owned China Aviation Industry Corp. in 1999.

    Europe's Airbus has forecast that China's domestic market will increase fivefold by 2026. Airbus and Chicago-based rival Boeing dominate the market for commercial airplanes carrying 100 or more people.

    Xinhua said Commercial Aircraft Co. will be able to make planes with more than 150 seats.

    General manager Jin Zhuanglong said in a Xinhua interview that it was too early to say when a Chinese-developed jumbo jet would be taking off, as it would take a long time to develop homegrown talent and do research.

    "According to the development history of Airbus and Boeing, the development and success of civil planes cannot be realized by relying on one or two generations," he said.
     
  2. Haztoys

    Haztoys Member

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    Man I hope there quality on a plane is better then what they sale us at Wal-Mart...I've often wondered how they have gotten as far as they have with the tools they sale us...They must sale us the second string stuff and keep the good stuff for home use...But there stuff is getting better...Good luck to them in this...
     
  3. timshatz

    timshatz Active Member

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    Yeah, I'm gonna wait on flying in one of those until they crashed half a dozen and gotten the kinks out.

    Do they even make cars over in China? I mean home grown, not made by Ford or Toyota or somebody like that?
     
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